A 5-wave triangle correction appears to be unfolding. Based off of the trend line resistance that stop up from breaching beyond 10500, I think we are moving through a D Wave bullish move to 9600 resistance.
I saw this a little late (half way through the channel), so I am not opening any longs to the 9600 resistance. If we fail to breakout after the D Wave completes and retest 9600 as resistance, I will short the E Wave.
I saw this a little late (half way through the channel), so I am not opening any longs to the 9600 resistance. If we fail to breakout after the D Wave completes and retest 9600 as resistance, I will short the E Wave.